ISLAMABAD: A high-level delegation of foreign investors and business professionals, mostly based in the United States, here on Wednesday, called on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.
The delegation put together by Ambassador Ali Jehangir Siddiqui of the JS Bank comprised leading entrepreneurs, business practitioners and professionals from diverse sectors, including technology, academia, and finance, with lead members such as Auren Hoffman, Chief Executive Officer of SafeGraph, Kristen Edwards Marqua (Hakluyt & Company), Michael Levi (The D.E. Shaw Group), Dr. Jeff Chang (Rad AI), and others.
Ambassador Ali Jehangir Siddiqui apprised the minister about the composition of the delegation, the purpose of their visit and their Finance Division and Federal Board of Revenue (FBR) were also present.
Aurangzeb briefed the investors about the country’s recent macroeconomic progress, highlighting significant achievements in overcoming longstanding challenges.
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“Pakistan has historically struggled with twin deficits; however, due to improved export performance, the economy is now operating with a surplus in both fiscal and current accounts.
Foreign exchange reserves have crossed the $12 billion mark, inflation has been brought down to single digits, and the policy rate is moving in the right direction,” he noted.
